A gauge of German economic confidence rebounded, overshooting market expectations, fuelling hopes of an improvement in Europe's number one economy after it barely escaped recession in the third quarter.
Retail sales in New Zealand rose at a faster pace than expected, driven by supermarkets and grocery stores. Retail sales volume grew the most in more than two years, surging a seasonally adjusted 1.5% in the third quarter, up from a revised 1.1% in the preceding three month period.
Bank of England Governor Mark Carney and the Chief Economist, Andy Haldane, indicated that low inflation is the most serious problem facing the economy and they watch closely downside risks to inflation as the central bank emphasizes the reasons for keeping monetary policy loose.
Industrial production in the world's largest economy unexpectedly fell in October, dragged down by drops at utilities, mines and automakers, signalling manufacturing began the final quarter of the year on a soft footing.
German Bundesbank poured some cold water on recent positive fundamentals, by saying that Europe's number one economy is unlikely to regain steam this year following a tepid growth in the third quarter, given subdued global demand and lacklustre recovery in most European countries.
Bank lending in the world's second biggest economy declined sharply in October, while money supply growth slowed, fuelling concerns over a more dramatic slowdown in the Chinese economy and adding to signs that further stimulus measures are needed, including cutting interest rates.
Canada's manufacturing sales rebounded in September, recording the eighth gain in nine months, and following the negatively revised 3.5% drop in the preceding month.
Japan's economy unexpectedly contracted in the July-September quarter following a severe slowdown in the previous three-month period, reinforcing the view Prime Minister Shinzo Abe is likely to delay sales tax hike scheduled for the next year.
US retailers saw strong sales in October, a sign American consumers willingly opened their wallets, helping the nation's economy to expand robustly.
At last some positive news came out from the Eurozone, as Germany, Euro bloc's powerhouse, escaped recession, French growth beat expectations, while Euro zone's inflation ticked slightly higher.
Debates among Fed's hawks and doves are intensifying, as policy makers ponder when to start normalizing monetary policy in the world's biggest economy.
The Chinese economy continued to lose steam in October, with factory growth slowing and investment growth falling to a near the lowest level in 13 years, reinforcing the view China's government will have to take further steps to combat slackening growth.
Japan's Prime Minister Shinzo Abe is likely to delay the second sales tax and call a general election before the end of the year.
Bank of England Deputy Governor Ben Broadbent said that productivity remained weak in the UK in the second quarter and there are modest signs of productivity pick-up in the economy, which should consequently result in levels of real pay rising gradually.
In contrast to hawkish member of the Fed, who call for interest rate hike sooner than mid-2015, to ensure a gradual increase of rates as fundamentals strengthen, rather than face the potential of a more abrupt lift in rates to catch up with market forces, New York Fed President William Dudley said it is still too early to raise interest
The German economy managed to escape a technical recession in the third quarter, as private consumption as well as trade propped up a modest growth, according to the nation's Economy Ministry.
The New Zealand Dollar strengthened following the Reserve Bank of New Zealand's stability report, which reiterated that the central bank is still in a tightening cycle and will proceed with hiking interest rates.
A gauge of consumer confidence in Australia increased for a second consecutive month in November as households became more upbeat on the economic outlook and their own finances.
The Bank of England cut its near-term inflation projections, but stressed that it expects inflation to return to the central bank's official target by the end of the three-year forecast period.
Applications for American home mortgages declined last week as interest rate climbed, according to the Mortgage Bankers Association.
The German economy rebounded in the three months through September following a contraction in the preceding quarter, with the economy heading towards regaining upwards momentum, according to the Economy Ministry's monthly report.
As a December deadline approaches for deciding whether to go ahead with the second tax rise, Japan Prime Minister Shinzo Abe is seen to postpone a planned sales tax hike as economic recovery of the world's third biggest economy remains fragile to withstand another blow.
Business confidence in Australia continued to deteriorate in October, though operating conditions improved, according to National Australia Bank.
Retail sales in the UK rebounded slightly in October following a sharp decline a month earlier, led by consumers' purchases of big-ticket items including furniture.